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know what that is, martha? martha: what? bill: that's a bear market, folks. claim by an economist who says the national debt which stands just shy of 17 trillion isn't even close to what the government and you the taxpayer really owe. oh joy. martha: fantastic. bill: i'm bill hemmer. welcome to "america's newsroom." martha: and i'm fine. i'm martha maccallum. good morning, everybody. the gentleman who came with this is james hamilton. he is a economics professor at university of california at san diego. and he claims that the true national debt is more like 70 trillion dollars. and that the government has been low balling us for years according to him by keeping certain debt off the books. bill: with the government on the hook for ious like social security and medicare and pension promises across the country, combined with an aging population, america could be in a whole lot of hurt. charles payne, fox business network. 70 trillion, do you buy that, charles? >> bill, not only do i buy it i think that number is on the low side. bill: the real number could be higher than 70 trillion? ho
its investigation into this tragic plane crash. martha? >> jonathan, thank you. >>> another fox news alert right now to a federal courtroom in our nation's capital where jess jessie jackson, jr. was just sentenced to 2 1/2 years in prison. jackson will be receiving congressional disability pay despite his resignation. he's asked that his wife, sandra, be given probation and both of them apparently choked back tears as they addressed the judge this morning. the pair were apparently raking in a combined salary of some $300,000 at the time that they were spending the campaign cash and clearly mingling it for private expenses with political ones. that's the latest. 2 1/2 years for jesse jackson, jr. >>> a teenager at the center of a national manhunt apparently going public a mere 48 hours after her rescue. hannah anderson apparently taking to the internet to answer questions about what happened calling her captor a psycho and saying that he deserved what he got. the 40 year old who was a very close family friend before all of this started was shot dead by the police when they found him.
more. he's on martha's vineyard, that's where the president is because he's on vacation. dan, everybody has been waiting for the president to come out and say something about egypt and they're all wondering one thing. will the president finally say that what's happened in egypt was a coup? >> well, you know, it's unclear whether the president will go that far. the white house is saying a determination was made that it should not be called a coup in the interest of the united states. but as you pointed out, he will be hearing from the president for the first time on this issue. the white house saying that the president will make a statement to the pool cameras at 10:15. now, that will be tape, it will not be live. a few minutes after that before we get a chance to see that videotape to hear exactly what the remarks are from the president. so far the face on this story for the administration has been secretary of state john kerry. yesterday, he held a briefing with reporters. that's when he condemned the violence in egypt. talked about the need for restraint for the egyptian interim gover
martha washington's slave. out in 1796,ound that martha washington was planning to give her away. during the planning, slaves were away. this was upsetting, because the washington's had promised to free their slaves when they died. and she was going to be given away, that meant that she was going to be in slavery. she may plan to escape. she talks about this later, one whenng, in 1796, washington was sitting at the dinner table, literally, waiting for them to serve him, she escaped. she -- george decides that they are going to kidnap her. that was fairly common. >> how many stories are there like this? >> many. there were always african americans in the white house. james buchanan's administration. were upset.ners he dismissed the african- american staff and brought in irish and english house servants. that is the only time that happened. left the hercules, washington compound and was never found again. they think he was in new york. they do not know. not a lot of effort was made to find him. hise is trouble about slaves and hers. he freed his and he did not free hers. i do not know the
video of the president in martha's vineyard stopping to pick up lunch in oak bluffs. the president greeted the crowd there, as you saw, headed over to the restaurant and put his order in. meantime, we're learning more about the president's plans next week. the white house announcing the president will be taking a two-day bus tour through new york and pennsylvania. nbc news white house correspondent kristen welker is traveling with the president. she joins us now from the vineyard. what more can you tell us about the stoppins the president's go to make? >> reporter: thomas, good afternoon. we understand he's going to make several stops next week, including to scranton, buffalo, syracuse, and binghamton. the white house hasn't confirmed those stops yet. we do know that he's going to be traveling to those places to talk about the economy. this is really a part of his broader economy tour. as you'll recall before he started vacation, he made a number of stops, five total, talking about the economy, mapping out policies he would like to see. he called for winding down fannie mae and fre
and recess. the president is doing his weeklong vacation at mothers -- at martha's vineyard. the muslim brotherhood is calling for a demo stretch and in cairo to protest the death toll yesterday. now at 421. another 3500 were injured. 43 policemen and a western journalist among those killed. it is thursday morning, august 15. ahead on the "washington journal ," your reaction to the latest development in egypt and what the u.s. response should be. you should join the conversation at (202) 585-3880, our line for republicans. (202) 585-3881 for democrats. we also have our line for independents at (202) 585-3882. join us on facebook, send us a tweet, or e-mail address, at somegin with a look of the headlines from outside the u.s., the "guardian" newspaper -- egypt's bloody crackdown. when the story first went to prince, the death toll was 200 78. overnight, the death toll has been updated to 421. there is this from the "miami killed asundreds egypt's forces storm the protest camps. a similar headline from "usa today," egypt the reps in chaos. -- a reps and chaos. from th
this hour about the crisis. major garrett is on martha's vineyard. >> reporter: good morning, norah and charlie. we expect that announcement from president obama in about 15 minutes. every indication is the president will condemn the violence in strong terms. and also take one more step we believe, to register his displeasure with egypt's military rulers. aides tell us the president is reviewing options to register his displeasure and try to get egypt's attention for good. up till the last moment the united states urged the egyptian military to avoid bloodshed and was ignored. with president obama golfing during his vacation it was left to secretary of state john kerry to express outrage and plead, again, for political compromise. >> egyptians inside and outside of the government need to take a step back. they need to calm the situation. and avoid further loss of life. violence is simply not a solution in egypt or in anywhere else. violence will not create a road map for egypt's future. >> reporter: the turmoil in egypt starkly illustrates the limits of u.s. power.
of blacks in the white house. >> yes. >> this is a q&a for a couple of years ago about the martha washington's slave -- pick it up at the end. >> she found out early 1796 that martha washington was planning to give her away as a wedding gift. during slavery, slaves were given away. this was upsetting for her. because when they died, they would free individuals who were slave to them. and she had hoped down the road she would be out of the institution. but if she's going to be given away, that meant her whole life was going to be in slavery. she's going make plans to escape. she writes, she talks about later, one evening, late spring, 1796 while the washingtons were silting at the dinner table waiting for her to serve them, she went out the back door. rather than say, you know, she escaped, we don't like it, but we'll leave it alone. george decides to kidnap her. they send a nephew back to kidnap her which was actually fairly common. >> how many stories in history like this, slaves in the white house? >> many stories. there were african-americans in the white house, except the james buchanan
fighting the revolutionary war, martha washington ran their plantation. >> it is clear that martha arrived at mount vernon in 1859 and there was a lot of management that she had to do. when she married george washington, she brings with her to mount vernon 12 housemates. that is really almost unimaginable luxury. these are slaves that are for the most part, not field labor, not producing crops, which is where your income is coming from. they are doing things like cooking, serving at table, clean the house, doing the laundry, doing selling, this is not productive labor in the sense that it is not productive income. she brings them with her and she brings financial resources to the marriage as well as her managerial skills. it makes mount vernon a successful operation and it makes it possible for washington to be away for eight years fighting a war. the fact that he has this support system that enables him to volunteer his time and talents to run the revolution is clearly critical. first, a farm manager, who during most literal revolution is a distant cousin of washington. \washington. then
supporters of the muslim brotherhood this week alone. we go live to martha's vineyard where president obama continues his vacation. any sign from the administration of what they will or even perhaps what they will not do next? >> well, craig, good afternoon. the administration at this point is not signaling any major shift in policy when it comes to egypt. we know that president obama has been briefed daily by his national security adviser susan rice, who is vacationing here on martha's vineyard with him. and of course this past week president obama announced that he would be canceling joint military operations between the u.s. and egypt that were scheduled to take place next month. this was a strong, symbolic rebuke to military for their inability to really get this situation under control in egypt and to get the unrest under control in egypt. but what the administration has not announced is that they will be withholding or withdrawing that $1.3 billion in military aid that they give to egypt every year, and that is really the united states' largest point of leverage at this point in time.
, a continuing resolution to fund the government expiring -- martha, i'm wondering if you can talk about what the obama administration is proposing in early childhood, what the administration is wanting to see , and maybe how they are working to get congress to take up these issues when it is hard to get funding bills going at this point. >> one thing to be clear -- the cuts in headstart and sequestration in general were very much not the administration's plan. you're very much trying to put ourselves on a path to reverse that. moreover, our plan for early education is very much one of investment. investment in head start, not only making sure that programs can keep up with the cost of inflation and not have to make choices that were described, but also to build out a new early head start childcare partnership so some of the best things about head start can be brought to the broader childcare subsidy system and we can raise the quality of early childhood for those infants and toddlers. we have proposed a large investment in home visiting, which is in place right now, but the money is temporar
, president obama is wrapping up his vacation on martha's vineyard today. he's actually spent so much of his time doing one of the things he loves to do, which is playing golf. >> yep. the president hit the links yesterday with comedian larry david. he played nine holes with the "seinfeld" co-creator and "curb your enthusiasm" star. must be a lot of fun playing with a comedian. rounding out the foursome were the boston celtics' hutchins and former u.s. trade executive ron kirk. >> i don't know, he can make fun of you a lot, though, right? >> that was my point. probably put you down quite a bit. >> because actually, the president, he's like a so-so golfer. >> is he? >> he likes doing it a lot. he's not the best, he's not terrible, but i think he plays with a lot of guys who might be better than him, so. >> he's got a lot on his mind. >> yeah, he does. >>> let's talk college football now. college football, where alabama's trying to do what no division 1 team in the modern era has ever done. >> which is win back-to-back national championships. joe carter is here with the the "bleacher report."
developments. kyla? >> reporter: dave, the white house is holding a press conference right now from martha's vineyard where the president is on vacation. we're going to take a live look at the press conference. this white house spokesman said a few moments ago that the u.s. strongly condemns the use of violence in ejit. he said the world -- egypt. he said the world is watching and is telling both sides to refrain from using violence. this is in response to the deadly crashes in egypt. egyptian security forces used bulldozerses, weapons to clear camps. the egyptian health ministry says 95 people are dead and close to 900 others injured. the dratters are calling -- the demonstrators are calling for the reinstatement of mohammed morsi. egyptian lived under emergency law for decades. when police powers were extended and constitutional rights of sit stens were sus -- citizens were suspended. the white house says the u.s. strongly opposes the state of emergency. they know the rights of citizens will be restricted. he also says the lines of communication between egypt and the u.s. remain, steady.
. and did they commandeer an osprey and force them to take them to martha's vineyard? that's ahead. and talking about owner of a
. and a british photographer - mick deane. after being briefed by his security advisers. in his martha's vineyard vacation. >> president obama speaking. >>to comment. in a move seen as a safe, middle-ground reaction - the president announced that the u.s. has cancelled a joint military exercise with egypt. what he hasn't addressed yet -- whether billions of dollars in aid will continue as scheduled. as for why the u.s. should care. egypt has been an ally in a hostile region. and it controls the suez canal -- used by oil tankers and other ships. any disruption could affect oil prices. the u-n security council held an emergency meeting on egypt today. other fall-out includes the fact that general motors has closed its operations there indefinitely. >> would want to interview a native of egypt who is to speak about the violence that is one on in egypt right now appeared >> a 12-year-old hayward girl calls police to report a domestic dispute and officers end up shooting and killing her father. kron 4's mike pelton shows us what authorities say forced them to open fire and how the victim's family is c
for a response. also no word from the president himself. still vacations on martha's vineyard. dan is there, good morning. >> reporter: the obama administration not only strongly condemning the violence but calling for restraint and calling for the interim government to respect the rights of the people there. josh earnest saying that the u.s. will continue to hold the egyptian government accountable for the promise they made to speed up the transition to a democratical democratically elected government. but what's missing in all of this is what then? we do know there have been a lot of conversations between u.s. egyptian officials. but still more than a billion dollars in aid continues to flow from the united states to egypt. the white house saying that that aid is under review. one other point is that the white house still will not call what happened in egypt a cue. officials saying it's been determined that it's not in the best interest of united states to do so. a lot of tough talk from the obama administration, but no concrete steps on what will happen next. in the meantime, the president con
what is a working vacation in martha's vineyard to make the public statement that took place in the last 30 minutes. he is strongly condemning the crackdown of the egyptian military. more than 500 people already dead. insisting that the tra itiditio cooperation with not continue as usual when civilians are being killed. >> let me say that the egyptian people deserve better than what we have seen over the last several days. and to the egyptian people, let me say the cycle of violence and escalation needs to stop. we call on the egyptian authorities to respect the universal rights of the people. we call on those who are protesting to do so peacefully. >> in canceling the military exercises, he did not make any mention of cutting off about $1.5 billion in military and financial aid, but he dangled the idea of the possibility for further consequences. >> peter alexander in washington, thanks so much. >>> meanwhile in egypt, supports of deposed president mohamed morsi remain defiant. nbc's foreign correspondent richard engel has the very latest. good morning. >> reporter: good mor
-- again, from the white house press conference that they had on martha's vineyard, the united states strongly condemns the use of violence against protesters, sending the signal that this is not the way to react to people in protest in a democracy. >> right, thomas. the seeds, not only do they take a long time to take, but sometimes they don't take. then the process of cultivating them and allowing the seeds of democracy to grow require time and patience. it can be a very, very messy process. so this unraveling that we're seeing in egypt right now is some indication that's going on. the tricky part in terms of the u.s.-egypt relations -- and michael pointed this out, and it's important to underscore -- many of us look at this and see a military takeover no matter whether you're for or against the muslim brotherhood, the ways in which they were running the egypt democracy. whether you're for or against them, you have to think about the way they were disposed of what a coup. the united states can't say that out loud because the moment that they concede this is a coup, that means they d
expect for him when he comes back from martha's vineyard? >> i think he's going to try to work this out so we don't have a shutdown and don't crash the full faith and credit of the united states by playing political games with the debt limit. i there your larger point is absolutely correct. he's going to talking about obama care. i know the white house believes it's an asset. i know john believes it's a liability. we're going to find out because we're going to hash this out in the next few months into the next year, into 2016. i think, i don't call it dependence on big government. i think when people finally have health care as a matter of right and not a privilege, when you aren't in a situation where you could die or you can't get an illness treated because you don't have the money, i think that's going to become very popular and i think obama is going to win that fight. >> gentlemen, it's pretty clear president obama thinks a republican government shutdown would be bad politics for the gop. here's what he said last friday. >> i think the really interesting question is why it is that
susan rice has been briefing president obama during his vacation on martha's vineyard but spokesman for the president continued to tap dance around the fairly obvious question of whether the crisis in egypt is a cudahy ta. >> there is certain designations that go with a coup. it's been determined by senior foreign policy officials in this administration to not make a determines. >> republican senators john mccain and lindsey graham who jointly visited egypt last week called out secretary kerry today for initially welcoming the military's overthrow of mohammed morsi. a spokesman for secretary kerry meantime would not confirm reports tonight that the u.s. is considering canceling an annual military exercise with egypt known as bright star. shep? >> shepard: james, our sister network ski news reports cameraman nic at this dean bass shot covering and later died. we're told a sniper took him out with one shot. witnesses tell us it appears the sniper may have targeted deen because he was a journalist. in fact, another journalist was also shot and killed in this conflict today. and one ana
and police are still killing each other in the streets. wendell goler is live from martha's vineyard tonight. >> shep, the president says both sides in the egyptian conflict have accused the u.s. of supporting the other. he says ultimately the egyptians are going to have to resolve the dispute on their own. >> we want egypt to succeed. we want a peaceful, democratic, prosperous egypt. that's our interest. but, to achieve that, the egyptians are going to have to do the work. >> but kentucky senator rand paul, no friend of the muslim brotherhood criticized mr. obama's refusal to cut off aid to the egyptian military. paul said, quote: the law is very clear when a could you takes place coup must stop regardless of the the white house says he didn't govern democratically. some people fine with morsi's ouster question the wisdom of canceling the military exercise. >> i would say chris size them publicly. privately get a real pulls for what's going on in egypt today and see if we can't influence events. >> by any main stay of u.s. egyptian relations since 19 1. it hasn't been held since 2009 becau
their nine-day get away to martha's vineyard. he hold a meeting with regulators as he decides to who pick as next chairman of the federal reserve. >> meantime, the white house began installing solar panels on the first family residence. last week, the obama administration pledged in 2010 to put solar panels on the white house as a sign of the president's commitment to clean energy. not the first time the solar panels have been on the roof, president jimmy carter had an array of them put up in the late '70s. president ronald reagan had them removed back in 1986. >> speaking of the white house, the executive mansion was the setting for hollywood's latest block buster "the butler." shot at the top, shot to the top of the weekend box office now the without controversy. a couple from silver spring, maryland, publicly took to twitter to complain about what they thought was racial profiling at their local regal cinema. >> they had wh i thought were bullet-proof vests, they had side arms, they had a badge that was sewn into their, into their shirt. they looked serious. >> regal entertainment grou
is dealing with the crisis in egypt while on vacation. the president is in martha's vineyard with his family. today is his last full day off there. he heads back to the white house tomorrow. >>> for generations, we have heard about area 51, the place in nevada that's synonymous in popular culture with government secrecy and ufos. well, it turns out it does exist. as cnn's dan simon shows us, it's been one of the biggest worst kept secrets of the cia. >> reporter: hollywood has long shown an obsession with area 51. >> welcome to earth. >> reporter: from aliens to ufos, it helped fuel a perception that the government has been holding onto top secret information about this remote facility in the nevada desert. until now, it had only really existed in places like "the x files" on television. but newly released cia documents officially acknowledge the site for the first time. annie jacobsen spent several years researching area 51, publishing her findings in a book. >> this has kind of become a national pastime and a great debate, you know, about aliens. and the locuk locus of this is 51. >> if yo
night at 9:00 p.m. eastern on c-span programs on every first lady from martha washington to ida mckinley. tonight, sarah polk, mark rhett taylor and abigail fillmore. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] sarah polk was on diplomacy and her strong suit is intelligence and political discussion. >> she made no bones about the fact she took an interest in politics. and that she was her husband's partner. >> she grew naup political household in tennessee. her father was a local politician so she grew up loving politics. she married james after he won a seat in the legislature. because she would not have married him if he had -- >> unfortunately for james k. polk he died three months after leaving the white house. and sarah began a 42-year widowhood. polk place became a shrine to her husband and she would invite anybody who wanted to to come to visit and see the objects she had collected through her long and illustrious political career. >> to live there for many years on her own. during the civil war, generals on both
. abc's martha raddatz has the latest. >> reporter: thousands of syrians fleeing damascus as president obama leaves no doubt in an interview with pbs that syria's president assad has crossed a red line. >> when countries break international norms on weapons like chemical weapons that could threaten us, that they're held accountable. >> reporter: the president said he has not yet made a decision to strike, but if one is launched, it would be aimed at preventing another chemical attack, not in taking sides in syria's bloody civil war. there are dozens of potential targets. but likely, top among them, facilities storing vehicles which could launch chemical weapons like this storage depot near damascus. >> the president wants to prevent assad from using chemical weapons on his people again, but he can't hit the chemical weapons storage sites directly. >> reporter: if the u.s. wants to take aim at assad's military, it could strike the vital mezze airfield. or american missiles could lock on a symbolic target that would send a strong message to assad like the ministry of defense in damascus.
is vacationing on martha's vineyard. dan, what else did the president have to say about egypt? >> reporter: wolf, the president said the cycle of violence needs to stop. he condemned the actions of the military government and announced the u.s. is pulling out of joint exercises, a move that a senior administration official had been discussed as early as june but that the president made up his mind just last night. after a telephone briefing with his national security team on the escalating violence in egypt, president obama emerged from vacation mode in an effort to jolt that country's interim military government off what he called a dangerous path. >> the egyptian people deserve people. >> reporter: cancelling bright star, a long time joint biannual military exercise set for next month. >> our traditional cooperation cannot continue as usual when civilians are being killed in the streets and rights are being rolled back. >> reporter: this stepped up pressure comes amid calls to suspend the $1.3 billion in annual u.s. military aid to egypt, something that would be virtually automatic if the whit
supreme judge could decide the case as early as tomorrow. --martha stewart brand. the pentagon officials insist they're not crying wolf when they say proposed budget cuts could bet that a severely harm the military. defense secretary chuck capel said about $500 billion in automatic budget cuts slated to take effect over the next decade could lead the nation with an ill- prepared, under equipped military to face more technologically advanced enemies. hegel says if congress doesn't act to avoid cuts, the pentagon may be forced to mothball up to three navy aircraft carriers in order additional sharp reductions in the size of the army and marine corp's. in federal court has struck down the road and set a cap on debit card fees. in 2011, the federal reserve said a 21¢ limit on the fees banks charge retail stores for each debit card transaction. the national retail federation sued say the capp was too high. a u.s. district--court judge ruled the fed didn't have off 40 to set the limit and suggested the central bank considered earlier proposals to lower the fee to 12¢. the fed has a few month
since getting back from his vacation in martha's vineyard last night. and the white house says he is doing this to convey a sense of urgency on all these regulators and capitalize on the momentum they developed relating to all the rules stemming from the dodd-frank financial reform approved by congress three years ago. this is coming up on the fifth year anniversary of the financial crisis. the president doesn't want to let this moment go to waste. take a listen. >> there is no question large financial institutions including investment firms and banks on wall street wield significant influence over the political process in washington, d.c. that is the benefit of having independent regulators who can make their own determinations about the rules and regulations that should be put in place. >> the president comes back with a very full agenda for the rest of the summer and for the fall including budget battles here in washington, increase in the debt ceiling, the fight over that that will come later this year, and of course finding a successor to fed chairman bernanke. as we've been
security concerns are heightened, at a time when he's just about to flit off to martha's vineyard and connecting with the average american person. and really there was something else going on because after his appearance, and i pointed this out last night -- the white house admitted that barak obama was meeting with jeffrey katzenberg, one of the biggest hollywood heavy hitters, donors and bundlers for the obama campaign, and guess what? we didn't get to see that broadcast on national tv to see what they were talking about and what they were up to. >> steve: yeah. it is pretty extraordinary, though, given all the news going on and the first hard questions asked by jay leno, because the president, his communications team, the strategy is, keep him away from the white house reporters. keep him away from everybody. >> yeah. that's right. perhaps he should have his next white house press conference at the "saturday night live" set. yeah. you know, i wonder when people will really get fed up with the info tainment we've been saddled with. >> steve: we'll find out. >> gretchen: have a f
-span. programs on every first lady, from martha washington. tonight, elizabeth munro and catherine adams. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] ♪ >> elizabeth monroe was a true partner in her husband's career. they were a love story and absolutely devoted to each other. elizabeth monroe had a well- developed sense of style and image. this is a woman who knew how to carry herself with great elegance. >> it is called the era of good feeling. >> this is a woman who spoke french. >> very great beauty. she received is seldom anything in the white house. she hated it. >> dignity, civility. those are the words that come to mind. >> elizabeth monroe served as first lady from 1817 to 1825 as a time known as the era of good feeling. coming up, we will explore her life and what were not always happy times inside the white house for this woman born into a well-to-do new york family. she married james monroe at the age of 17 and traveled new york extensively with him. she brought with her to the white house a certain french
of season one. each weekday, at 9:00 p.m., programs from martha washington to ida mckinley. margaret taylor and abigail fillmore. >> sarah polk was up on diplomacy and intelligence. she made no bones about having an interest in politics and being her husband's partner. she group in a political household. she grew up loving politics and she married james after he won a seat in the legislature will stop he not does she would not have mailing -- legislature. she would not have married him otherwise will stop -- otherwise. >> throughout their long and illustrious political career. she lived there many years. generals on both sides would pay their respects. it is an interesting commentary on what beloved status she held. >> she was honest about her husband's work. she went to every post she could go to with him. she went through the arduous journey. she was very well-liked in the diplomatic community. they met all kinds of people. friends and enemies and others. they had to make things work. they were very experienced people. they were more sophisticated than what is around them. >> she felt tha
none other than nsa leaker edward snowden. white house correspondent dan lothian is live from martha's vineyard this morning. dan, sounds like there are more big questions for the administration today. >> reporter: that's right, certainly more big questions, kate. you know "the washington post" revealing in this report that the lechl of detail and analysis they uncovered is usually more than typically shared with member of congress or the fisa court that oversees the nation's surveillance programs. >> a general impression has i think taken hold not only among the american public but also around the world that somehow we're out there willy-nilly. >> reporter: that was president obama just days ago assuring the american public that the national security agency was not breaching the trust of its citizens. but a new report out today by "the washington post" may raise new concerns. after combing through the trove of documents leaked by former nsa analyst edward snowden "the post" reports the nsa has broken privacy rules thousands of times each year since 2008. "the post" says most of the
" top spot making $25 million. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has th
'll introduce to you this little girl, her marine dad and mom next. first let's check in with martha mccallum who i have not seen in a while. >> good morning, brian. so another crime today that makes americans shake their heads and wonder, what is going on? three teen-agers shoot a 22-year-old ball player out of boredom? we have new details on this that we'll talk about. burning churches and brandishing islamic flags over them. marching nuns through the streets. the reality of what's happening in egypt at the top of the hour. we'll see you then [ female announcer ] a classic macaroni & cheese from stouffer's starts with freshly-made pasta, and 100% real cheddar cheese. but what makes stouffer's mac n' cheese best of all. that moment you enjoy it at home. stouffer's. made with care for you or your family. to benefit cancer research i rode across the atlantic. crossing an ocean with your body as the motor, it hurts. so i brought advil to help me stay strong during the toughest journey of my life. [ male announcer ] paul ridley had a choice of pain relievers, but he chose advil. because no
. present herself? the dais and -- > they built it to the blue room. we were here for martha, i said here was no dais in the receiving room. she sat on a sofa. been so d have anti-republican. angelica didn't know better. and francen victoria and she thought she could be platform,he built the wore the ostrich feathers and in white. after the newspapers and particularly after the whig talking ns took over about born with golden spoons in their mouths and wasting the they actually tore out the platform. well flipside of it, how did the europeans receive the first couple? allow. liked her a >> louis felipe thought she was incredible. storm.ook europe by >> did that help with international politics? the image? not exactly. ngelica's mother's brother was the minister of the court of 126789 james. a holdover from that administration. van buren kept him on. stuff because he was a slave breeder by an irish militant. growing tension there. on he publicity of angelica the positive side didn't really cover up those deeper problems. > tonight we're telling the story of two widowed presidents for them
,000 gold-plated men's rolex watch, $5,600 for a holistic retreat in martha's vineyard, and $4,600 on a fedora once worn by michael jackson. jackson's father, civil rights leader jesse jackson sr., suggests the behavior was largely due to his son's diagnosis last year of bipolar disorder. >> he is still recovering. jesse's been very sick. this time a year ago, i really thought we may have lost him. >> reporter: jackson spent four weeks at the mayo clinic. the judge says she didn't have enough information from his doctors about his reported bipolar disorder. >> this has been -- a very painful. >> reporter: the jacksons will be allowed to serve their sentences one at a time. is he so that one of them can remain at home with their two children. linsey davis, abc news, new york. >> federal investigators hope to get the black boxes from that u.p.s. cargo plane that crashed in a field near the birmingham airport. two pilots killed. the wreckage scattered over a wide area. witnesses heard the engines struggling and saw flames before impact. >> we were in bed. we heard something go ove
to martha's vineyard because all of that is up in the air and very tough. my view is they'll resolve that and we can talk about how but it's probably going to be very short term resolutions. >> tell us how and more importantly when perhaps. >> well, i think the way that the government shut down at the end of september gets avoided is through a short-term continuing resolution. that's another -- grand more mini bargains. the debt ceiling is a tougher one. >> i don't think we'll ever have -- we should just take the words grand bargain off the table. there are no ingredients for a grabd grand bargain. no one wants it. in fact, even the pieces of it that you and i want which are really need to include tax policy aren't going to be there. >> and nobody tries to hijack the process this time? >> lots of attempts to hijack. there's going to be hijacking left and right on this, on the debt ceiling and some effort on sequestration. i don't think there's going to be really successful if they continue with this ad hoc budgeting. >> will you at least acknowledge that the democrats now are taking
with the president while vacationing in martha's vineyard. >>> newt gingrich, the new dough host of "cnn's "crossfire" gave a verbal smackdown to the he blasted gop members of congress for not offering any alternatives speaking at the republican national summer meeting in boston, no cameras present at that meeting, gingrich said republicans have no positive replacement for obama care, said hess party is caught in a culture that rewards obstruction and negativity. he was a bit more restrained when i later caught up with him on the phone. joining us right now, the former house speaker newt gingrich. as you know, house republicans voted 40 times to repeal to get rid of obama care. it's not going anywhere, certainly the president would veto that action and now some republicans are saying they are ready to shut down the government to do away with obama care. you believe this is a mistake. >> i don't think we should shut the government down. i think we should finance all the of the government except obama care, and i think we should be pretardy they ought to send a bill to the senate says september obama c
gets some rest in martha's vineyard before a road trip rally, republicans meet in boston to map out their fight for the fall. as we approach the 50th anniversary of president kennedy's assassination, we'll take a look at the final months of kennedy's life in the
, washington is still on vacation, the president is on martha's vineyard. what news focus we have from the administration has been largely about the crisis in egypt, but we only got a couple more weeks left of this recess, and then we're going to be right back in the budget mess. there are three big issues that have to be resolved. i just want to run through potential elements of the end game. one is what to do about government spending. the fiscal year runs out at the end of september. they're going to have to at least do a temporary spending bill to keep that going while they negotiate. second is the fate of the sequester. it's about $90 billion a year, these cuts, both defense and discretionary spending. a lot of complaints about that there have been from democrats for a long time but republicans couldn't pass their own transportation bill last month before they went on break, so there's more talk about replacing those cuts with other ones, some out of entitlement programs, perhaps not medicare or social security, perhaps things like farm subsidies, maybe some fees being raised as o
that washington needs to be more vocal on it, more than the president calling in from marriage wmarth martha's vineyard saying, i'm aware of the situation in egypt. >> guys yelling at him, we're on the tee, let's go. hurry up. what are you doing over there, barack? you're on the phone again? you're up! sorry. let's go to -- >> we could go across the pond for a moment, time for the global market report. carolin roth is standing by in london. carolin? >> good morning to you, guys. we are in a bit of a holding pattern ahead of the fomc minutes and seeing european markets pulling back just a little bit. we're off by around .3% off the session lows. we did have a couple of earnings reports which will come to just a little bit. let me show you the markets one by one. the ftse definitely an underperformer, off by .75%. keep in mind about the stocks, hsbc trading today, the xetra dax is up by .25%. back to the earnings. we had two beermakers in europe report numbers and both were a little bit below expectations. but the share price performance is divergent. carlsberg in denmark up by almost .9%. aga
in mind because the president has after martha's vineyard been on the road talking about important issues. one of the things he said is narrowing the rich s/poor gap i his highest priority. probably more in tune with trying to push larry summer's position as fed chairman, no artificial bubbles. i want to know the difference between a real bubble and artificial bubbles. here is the deal, why all roads lead to the fed. the stock market is making new all-time records. i still contend that it makes many people scratch their heads because the administration isn't taking credit for what some deem a world class equity rally. why? remember, the fed. because in many ways whether it's bubbles, whether it's timely solutions, think quantitative easing, rich/poor gap, all of this really is being set up right here. think about corporate profits and then contrast that with employment. see, the problem is that really all roads should lead to jobs, jobs, jobs. but there is no real solution to job, job, jobs because the government can't create the kind of jobs that the private sector can that are the real
with martha's vineyard and he takes down the -- we'll leave it there. i don't think anyone. clear history. thank you. let's get to it. here is what you may have missed. >> welcome to squawk on the street. here is what's happened so farment. >> durable goods down, a whopping 7 approximate the 3. >> this is right sizing the industry. so gdp and capacity, those are the issues, the macro issues. >> are you in support of the transaction? >> i think we win either way, whether it goes through or whether it doesn't go through. >> that is the legacy drug a few billion. >> that's a great drug for pancreatic and kidney, nothing for those so this is one of those things amgen suddenly is back. >> that's global markets and agreed to a merger which i know came up last week. they agreed to a deal. >> you buy it and emotional response. >> it is a chick magnet, may i say that? shall i say that? >> i don't like to hang around small chickens. >> should i say it? >> i think bomber did a good job under difficult circumstances. of course he faced the classic innovators dilemma, a big profitable successful compa
what they would like to be seen as publicly. then i went through the various images. martha was a lot harder. her portrait is probably the best likeness there is. so i simply went on that one. for the others, it was more on photography. , ih all of that information pieced together images i thought were good and representative. >> what is the process you go through in starting to work on a painting? how much work goes into the project before you start it? research andll the background. for a normal portrait of someone i need to really represent d, i needfe-size and 2- to get to know them. in this case, it is different with public figures and i am using them for a relatively small portrait. a lot of the work happens first, the research and gathering images. what i rely on the most is pencil work. i paint right on the board to make it easier for me. i draw a right on the board with pencil and going and going until i like it. getting the scale right and all of those things and progressing from there. >> how long did you work on this painting, from research through the painting process and
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